The 3 Most Expensive Homes in Virginia Beach

Here is a list of the current Top 3 most expensive active listings in Virginia Beach.  They range in price from  $7,490,000 to $3,700,000.  And the most expensive includes it's own island (well, essentially it's a peninsula, but the only thing that connects it to the mainland is a driveway). … [Read more...]

January 2014 Housing Market Update

Total existing home sales were down in November when compared to the previous month and were also down from November of last year. However, distressed sales made up a much smaller portion of the total in November than they did the previous year and by comparison conventional sales appear to have increased. Less-distressed sales are a positive sign for the market and should help potential sellers who no longer have to compete with as many discounted homes as they would have in recent years. … [Read more...]

11 Reasons Your Seller Should List During the Holiday Season

You’ve heard it from real estate agents before. “The Winter season is slow.” Or, “No one is really buying or selling.” And even, “I’ll get started in the New Year, it’s a new start right?” Wrong. The truth is, it’s better to be ahead than behind. Do you want to have income in January? Do you want to have clients in the pipeline well into February? The winter months are the perfect opportunity for you to find the motivated clients and get them to list their home with you. Of course, … [Read more...]

Balanced Markets; Big Opportunities: Gary Keller’s Mid-Year Market Update Amounts to One Thing: More Sales

Gary Keller is known for a lot of things: his all-black attire, his love of guitars and subsequent passion for music. Another well-known fact is Keller’s knack for turning industry insights into actual opportunity. Which is exactly what he did during his Mid-Year Market Update at this morning’s Mega Agent Camp. “Think of this as your third quarter update. And then we’ll check up on ourselves at Family Reunion in February,” Keller said, referring to his annual Vision Speech at Keller Williams … [Read more...]

New FHA Program Seeks to Give Borrowers Back their Buying Power

It’s no surprise that over the last several years a lot of people have experienced financial problems due to the economic downturn. Now that consumer confidence and employment opportunities have returned (respectively), traditional buyers are looking for ways to get back in the home buying game. They’ve been referred to affectionately as “Boomerang Buyers,” by the media. But what about all those buyers left credit-less because of an underwater mortgage that resulted in a foreclosure, short sale, … [Read more...]

Congratulations Keller Williams Realty: We are #1!

  With a net gain of 12,000 associates in the past year, Keller Williams Realty is now the largest real estate franchise in North America. The announcement, based on publicly available agent count data as of September 9, 2013, was made during Keller Williams Realty’s Midyear State of the Company presentation. Keller Williams is now home to more than 90,000 associates around the world. “We are not a company of complacency,” CEO Mark Willis said. “We have the best business model in the … [Read more...]

6405 Hampton Blvd. Norfolk, VA 23508

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February Housing Market Update

The conclusion of 2012 paints a promising picture for 2013 and the national housing market. Falling inventory levels coupled with record-low mortgage rates, which drive high levels of demand, continue to drive home prices upward. NAR Chief Economist Lawrence Yun states that this pent-up demand is sustaining the market and that “record-low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales.” He … [Read more...]

January 2013 Housing Market Update

The national housing market continues to recover as a result of existing-home sales improving with low inventory supply pushing home prices upward. National Association of Realtors (NAR) Chief Economist Lawrence Yun states, “Momentum continues to build in the housing market from growing jobs and a bursting out of household formation. With lower rental vacancy rates and rising rents, combined with historically favorable affordability conditions, more people are buying homes.” NAR President … [Read more...]

What is a Short Sale?

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. But to be technical, here's a … [Read more...]